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<br />2011065
<br />D. Trustor sha11 immediately notify, Beneficiary in writing as soon as Trustor has reason to believe there is any pending
<br />or threatened investigation, claun, or proceedmg relating to the release or threatened release of any Hazardous
<br />Substance or the violation of any Environmental Law.
<br />12. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Trustor will not be
<br />required to pay to Beneficiary funds for taxes and insuranG�,'in escrow.
<br />13. JOINT AND INDIVIDUAL LIABILITY� CO-SIGNEItS; SUCCE5SORS AND AS5IGNS BOiJND. All duties under
<br />this Security Instrument aze joint and individual. If Trustor signs this Security Instrument but does not sign an evidence of
<br />debt, Trustor does so only to mortgage Trustor's interest in the Property to secure payment of the Secured Debt and
<br />Trustor does not agree to be personally hable on the Secured Debt. If this �ecurity Instrument secures a guazanty between
<br />Beneficiary and Trustor, Trustor agrees to wa.ive any ri�ts .that':may' prevent Beneficiary from bringing any action or claim
<br />against Trustor or any �arty indebted under the obligatian: , These rights may include, but are not limited to, any
<br />anti-deficiency or one-action laws. The duties and benefits of tlus 5ecurity Instrument sha11 bind and benefit the successors
<br />and assigns of Trustor and Beneficiary. �
<br />14. SEVERABILITI'; INTERPRETATION. This Security Instrument is complete and fully integrated. This Security
<br />Instrument may not be amended or modified by oral agreement. Any section in this Security Instrument, attachments, or
<br />any agreement related to the Secured Debt that conflicts with applicable law will not be effective, unless that law expressly
<br />or impliedly permits the variations by written agreemettt, Yf,, any section of this 5ecurity Instrument can�ot be enforced
<br />according to its terms, that section will be severed and will not"affect the enforceability of the remainder of this Security
<br />Instrument. Whenever used, the singular shall include the:.pluz'al and the plural the singular. The captions and headings of
<br />the sections of this Security Instrument are for convenience only and are not to be used to interpret or define the terms of
<br />this Security Instrument. Tune is of the essence in this Security Instrument.
<br />15. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to time remove Trustee and appoint a
<br />successor trustee without any other formality than the designation m wntmg. The successor trustee, without conveyance of
<br />the Properly, sha11 succeed to all the title, power and duties confened upon Trustee by this Security Instrument and
<br />applicable law.
<br />16. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by first class mail
<br />to the appropriate party's address on page 1 of this Security Instrument, or to any other address designated m writing.
<br />Notice to one trustor will be deemed to be notice to all trustors.
<br />17. WAIVERS. Except to the extent prohibited by law, Tr�s'tor waives all appraisement and homestead exemption rights
<br />relating to the Property.
<br />18. LINE OF CREDIT. The Secured Debt includes a revolving line of credit. Although the Secured Debt may be reduced to a
<br />zero balance, this Security Instrument will remain in effect until released.
<br />19. APPLICABLE LAW. This Security Instrument is governed by the laws as agreed to in the 5ecured Debt, except to the
<br />extent required by the laws of the junsdiction where the Property is located, and applicable federal laws and regulations.
<br />20. RIDERS. The covenants and agreements of each of the riders checked below are incorporated into and supplement and
<br />amend the terms of this Security Instrument. �
<br />[Check all applicable boxes]
<br />❑ Assignment of Leases and Rents ❑ Other .............................................................................................
<br />21. ❑ CONSTRUCTION LOAN. This Security Instrument is , a construction security interest which secures an obligation
<br />incurred for the construction of an improvement on the: Pro��rty.
<br />22. ❑ ADDITIONAL TERMS. t .( t_; .; ,' ;,
<br />: `�_�.
<br />SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Security Instrument and in any
<br />attachments. Trustor also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1.
<br />�-:�-... � :. �:.�! . ... .....�!��� --.........�-�.
<br />..... .,..:......... �:-: . , . . . .
<br />(Signature) � � (Date) Signature) (Date)
<br />Brian J Butler Angela M Butler
<br />ACKNOWLEDGMENT:
<br />STATE OF ..... Nebraska ...................... �,�,,!
<br />°"d'"d"a`� This instrument was acknowledged before me this .�,
<br />b ,,,, Brian„and ,Angela, Butler , H „ ,
<br />My commission expires: te Of S�ebt��
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<br />,,� . _ � Jan.
<br />�y Comm•�
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<br />OO 1994 8ankers Systems, Inc., St. Cloud, MN Form OCP-REDT-NE' T/3112003
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